Global Market for Automotive Lifts: Fact.MR Foresees Highest End-use across Garages during 2017 – 2026

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Rockville, US, 2018-Jun-14 — /EPR Network/ — The rapidly expanding automotive lifts market is the focus of a new report added to the market intelligence repository of Fact.MR. This 170-page broad study is headlined as Automotive Lifts Market Research Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2026” which noticeably examines the prospects of the global automotive lifts industry till the end of 2022, using the market’s development trajectory in the recent past as the key indicator of actionable insights into the market’s growth pattern. A blend of primary & secondary research has been implemented for offering estimates and forecasts on the concerned market.

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Fact.MR foresees the global market for automotive lifts to reflect a sub-par CAGR of 4.7% in terms of value over the period, 2017-2026. The commercial scope of automotive lifts is pegged to become wider in the coming years. More number of independent garages being set up across the world will directly influence the adoption of automotive lifts. In addition, high initial investments of OEMs towards setting up manufacturing units will not deter them from buying expensive and advanced automotive lifts that offer long-term service life.

End-use of automotive lifts in garages will witness a steady upswing through 2026

For boosting the safety of working environments, garage owners from several parts of the world are installing automotive lifts. Majority of vehicle repairs are being fixed by working under the car, and automotive lifts serve this purpose more effectively than jacks. Besides offering a safe environment to work in, automotive lifts also ease the operations in a garage. The increased space is an added advantage of installing automotive lifts. Several automotive lift manufacturers are considering the custom requirements of garage owners to offer best solutions towards space optimization.

Increasing costs of spare parts, high replacement rate of these components and feasible labor costs make commercial garages profitable businesses, which in turn drives the usability of advanced of automotive lifts that come at slightly high costs. While catering to the demands of commercial garages will remain highly profitable for automotive lift manufacturers, several companies will also capture the sharp increase in demand across home garages. Low heights of home garages may create certain challenges for existing product lines, but companies are offering redesigned automotive lifts that adjust to such environments.

Competition Tracking

BendPak, Inc., PEAK Corp, Nussbaum Automotive Solutions LP, Challenger Lifts, Inc., Rotary Lift, EAE Automotive Equipment Co.Ltd., SUGIYASU Co.Ltd., Stertil-Koni USA, Inc., Ravaglioli S.p.A and ARI-HETRA – have been identified as key players in the global automotive lifts market. In the future, finding a balance between adherence to automotive lift manufacturing standards and compliance to diverse end-use requirements will characterize the market’s manufacturing landscape.

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Table of Contents:

  1. Global Economic Outlook
  2. Global Automotive Lifts Market – Executive Summary
    2.1. Global Automotive Lifts Market – Opportunity Analysis & Mega Trends
  3. Global Automotive Lifts Market Overview
    3.1. Introduction
    3.1.1. Global Automotive Lifts Market Taxonomy
    3.1.2. Global Automotive Lifts Market Definition
    3.2. Global Automotive Lifts Market Size (US$ Mn) & volume (Unit) and Forecast, 2012-2026
    3.2.1. Global Automotive Lifts Market Y-o-Y Growth
    3.3. Impactful Trends Transforming Automotive industry to High-Tech Industry
    3.4. Key Challenges and Opportunities for Automotive Industry
    3.5. Global Automotive Lifts  Market Dynamics
    3.5.1.Market Drivers
    3.5.2.Market Restraints
    3.5.3.Market trends Impact Analysis By Product Type Impact Analysis By Application Type
    3.6. Value Chain
    3.7. List of New Entrants
    3.8. Global Automotive Lifts Market Forecast Factors
    3.9. Technology Roadmap
    3.10. PEST Analysis
    3.11. Porter’s Five Forces
    3.12.Product Life Cycle analysis


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